EN zh-TW

newsio aggregates and links to original sources. We do not own the original images or content. If you believe content infringes on intellectual property rights, contact us — it will be removed at first notice.

business / news / / Seeking Alpha

Global oil supply will not snap back quickly after Iran war, Phillips 66 CEO Lashier says.

Phillips 66 CEO Mark Lashier predicts Middle East oil disruption impacts will linger for years.

KEY POINTS
COMPANIES
Read the full story on Seeking Alpha → →
Share X LinkedIn

Summarized by Newsio from Seeking Alpha. How we summarize →

RELATED 03
business · news · 1h 140

The European Commission is investigating the $111 billion Paramount-WBD deal.

  • The EU is probing $24 billion in Middle Eastern funding of the Paramount-WBD merger under new subsidy rules.
  • Paramount disclosed Gulf States will own about 38.5% equity in the merged company but lack voting rights.
Variety →
business · news · 2h 136

U.S. entertainment giant sought EU approval under its Foreign SubsidiesRegulation.

  • Paramount Skydance Corp's $110 billion takeover of Warner Bros Discovery is under EU subsidy scrutiny.
  • The deal is backed by Saudi PIF, Abu Dhabi's L'imad Holding, and Qatar Investment Authority.
The Star →
business · news · 1h 127

Consumer-price growth remains at three-year highs.

  • The energy index surged 3.9% MoM in May, driving a 23% YoY increase mainly from oil.
  • Core CPI rose only 0.2% MoM, less than the 0.3% estimate, indicating limited underlying inflation.
Barchart →